... government forbade American companies to take part (supply equipment and technologies) in the following kinds of projects:
deep water (over 152 meters) oil field development,
Arctic shelf field development,
scavenger oil field development, including shale oil and gas.
Viktor Katona:
Gazprom Gaining Ground in Europe
Technological sanctions were a formal cause for some projects to freeze.
This wave of sanctions affected the Russian energy sector companies, though to a less extent than had been projected by the American government....
... Russian companies back into the top 50 firms of the Financial Times Global 500, as only candidate Gazprom crashed out extravagantly this year by losing 26 places and ending up 57th due to the quickly changing European market. To add salt to the wound, Gazprom is now sandwiched between Walt Disney and McDonald's. Finally, it is worth mentioning a few words about LUKoil’s President, Vagit Alekperov, as he is an unquestionably a big figure in the oil game. He authors and edits many books which is impressive considering that he steers such a large oil company. One of the more recent books Alekperov authored is ...
... supplying minimal amounts of gas via spot-prices and defend its position, which means without this player we cannot see Gas-OPEC materialising. Also, will Qatar agree to lift their moratorium and will Algeria continue to increase its production – like Gazprom they will continue to push for oil-pegged prices – as their government's revenues come from these spheres. Thus, there are many uncertainties, so we ought to come back to this question closer to 2016-2017.
Gazprom Will Not Budge:
Gazprom will not lower prices to ...
... years Europe has lingered around recession with little light at the end of the tunnel. Is someone, or something, responsible for this crisis? Perhaps, is it a virtue of the capitalist system, its agents, or other factors?
The continuous eurozone turmoil provides a microcosm for the wider global economy. It has variously been described as a financial or a fiscal crisis, caused either by an over-leveraged banking system or by unsustainable budget deficits and sovereign debt. But perhaps with the exception ...
... several options, like supplying China, Japan, the Korean Peninsula and even as far as India. Then it was mainly Gazprom’s modest LNG expertise that limited sizeable deliveries in the near future to the heavily LNG focused Asian states. But still, Gazprom made good progress by shifting 9% of Japanese LNG and 7% of its oil in 2011 to Asia. Vladivostok LNG terminal, due for launch in 2017, will increase capacity matching the rising demand, particularly as recent events have benefited Russia (e.g. Fukushima Disaster). However, the talk about North Korea becoming a "transit ...
... dispute amid central government and Kurdistan has resulted in contracts being annulled with Exxon Mobil, Total and GazpromNeft; as the central government considers that only it should negotiate energy contracts, not its rebellious regions (See: Gulf Oil&Gas). As a result of anti-Russian import policy, Gazprom's European exports fell 7.5% (2011-12), with opportunities becoming more limited, but it appears that a 40 bcm potential to supply UK is still on the table; as the Russian giant only covers 10% of the island's market (See: Platts)....
... model has altered with population becoming less concentrated requiring an additional infrastructure, thus expenditure. In fact, Gazprom has reduced prices by pursuing its own strategy of spreading costs by building more pipelines and supplying more gas; ... ... as circuits must be loaded and cannot be just shutdown. So, currently a hybrid system exists with spot pricing, fixed gas to oil pricing and with hubs which only work after 70-80% of the market is satisfied by the normal pipeline network. On the positive ...
